Every company is required to submit a financial report every year to the government, potential investors, and shareholders to report the financial health of the company and its potential to grow in the future. This section will describe all about a balance sheet, a profit and loss account and some key numbers that you can use to assess a company situation.
A balance sheet is a legal document showing the quantity of a company’s assets and liabilities and it is usually issued at the end of a company’s financial year. However, companies in the stock markets are required to send their balance sheets to the public every quarter. This may depend on the existing regulations of particular countries in which the companies operate. Continue reading